China Looks To Build On Hong Kong Market

Hong Kong-based SmarTone-Vodafone's major shareholder, Sun Hung Kai Properties, a local property developer, is looking to offload its 58% stake in the fourth-ranked operator. SmarTone-Vodafone has a licence to provide both 2G and 3G services in the Special Administrative Region (SAR), attracting attention from mainland Chinese telecoms operators as increasing numbers travel between China and Hong Kong, at a time when roaming costs are on the rise.

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